Apollo Says Private Credit May Reach $40 Trillion by 2030 [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg “We're going to get there really soon,” Akila Grewal, Apollo's global head of credit product, said in Bloomberg Intelligence's latest Credit Edge podcast. “You're going to see a lot more private credit offerings and strategies focused on asset-based” finance. Apollo has an expansive view of what constitutes private credit, including everything from music royalties and inventory finance to infrastructure debt and agricultural lending. The asset-based market is already at $20 trillion, Grewal said. More conventional definitions peg the market at around $1.6 trillion, focusing strictly on direct lending, distressed debt and mezzanine financing. Click here to listen to the full interview with Apollo's Grewal. Apollo estimates that the private credit market could grow to $40 trillion “within the next five years,” Grewal said. The asset manager sees growth mostly on the investment-grade side, including data centers and energy infrastructure, as well as in
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